Quote:
Originally Posted by rwaustin
If your pension and SS is 70 - 80% of your teacher pay you should be OK in retirement.
Any feelings about that.
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When that sort of statement is made it isn't in isolation as you have put it.
It's typically in the context of an entire life and retirement plan not least of which being
steadily earned income responsibly used and saved over that 30 year career.
That "responsibly used" idea most commonly leading to a fully paid off mortgage...
and a conscious, deliberate decision to either fix up that home to suit for the duration
or to sell it and move to some other all paid for home that would suit you better for the duration;
and often with a bit of extra cash from the sale added to the retirement account.
On that sort of basis, and not carrying other debts, you should be plenty OK with 70-80%.
Add in social security...